bulls eyeing the bull flag bottom right.. that 2058 range key.. possible pink triangle top left SPX 5m.. chop till Friday.. > 2058… look for an possible explosive up move.. vs 2035 sharp drop
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Squeeze started after the following headlines hit Bloomberg:
• SAUDI ARABIA, RUSSIA REACH CONSENSUS ON OIL FREEZE: INTERFAX
• INTERFAX SAYS SAUDIS TO DECIDE ON OIL FREEZE REGARDLESS OF IRAN
• INTERFAX CITES UNIDENTIFIED PERSON ON RUSSIA, SAUDI CONSENSUS
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
short term consolidation, 5min with RSI is the only thing that makes sense in this range bound, bulls need new intraday HH tot brreak this spell or a trade below 2054 SPX (2047.5 /ES) will prolong the range bound trade.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Al_Dente wrote:no confirmation:
*RUSSIAN ENERGY MIN. DECLINES TO COMMENT ON IFX OIL TALKS REPORT
*RUSSIAN ENERGY MINISTRY SAYS NO COMMENT ON TALKS BEFORE APR. 17
Are gold mining stocks the hottest thing going right now? NEM is really taking off. Outperforming price of gold. Interesting. I wouldn't think that would be happening in the face of rate hikes.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23